Curtis Williams
OGJ Correspondent
PORT OF SPAIN, Feb. 8 -- Trinidad and Tobago reported it is to begin a prefeasibility study into the construction of a fifth LNG train at its liquefaction plant at Point Fortin, Trinidad.
The Caribbean island's Minister of Energy Lenny Saith told the South Trinidad Petroleum Conference that the study would be concluded by yearend.
"We have already signaled our intention to consider another LNG train. Train X," Saith said. "Now that we have satisfied the domestic demand, we are about to undertake the first concrete steps towards the realization of that objective with a prefeasibility study which we expect to conclude by December 2007."
Trinidad and Tobago has four LNG trains and is the largest exporter of LNG to the US, accounting for almost 70% of US imports.
Saith said if the plant is constructed, the government would be taking a larger share in it and had agreed to work with its partners, BP PLC, BG Group, and Repsol YPF SA towards getting equity in regasification facilities in the US as well as shipping and marketing.
Ryder Scott has been hired to perform an audit of the country's petroleum reserves, which is expected to be completed by September.
